Management Services for Rental Properties
The following services are included in our Full Residential Property Management Package.
Diligent Placement
Property managers accept calls and inquiries regarding your home. They arrange appointments and coordinate showings of your property.
We have an impressive track record in placing quality residents. We attribute this success to our extensive marketing efforts, screening process and commitment to exceptional service. We believe the most important part of professional property management is finding a quality resident for your home.
Our marketing program is the best in Greenville. Most important is our reputation. We are known for quality homes and professional management practices. Promotion efforts include media advertising, rental brochures, signs, and our web site. We receive many inquiries by e-mail and our website.
Overview of Marketing Resources
- Classified Ads (Owner add’l expense
- Multiple Listing Service
- Office Open Mon-Fri
- Works with Relocation Offices
- National Web Sites
- Competitive rents
- Broker Referrals
- Full-time Leasing Agents
- Chamber of Commerce
- Our Website & E-mail
- Professional Yard Signs
After a potential resident is located we conduct an extensive screening process. This process includes credit reports, reference checks, rental references, and criminal background checks. After acceptance, we complete negotiations, execute contracts, process documents and install the resident in the home.
Overview of Resident Screening
- Investigate Credit
- Check References
- Move-in Inspection Documentation
- Verify Employment & income
- Criminal Background Checks
- Important Information Provided to Resident
- Security Deposits & pet rent
- Verify Rental History
- Negotiate best Lease Terms
- Time tested Leases
- Strong Documentation
Professional Management
Property managers collect rents, deal with resident issues, periodically inspect the property and personally supervise the home. The manager provides an “arms length” relationship between owner and resident.
By maintaining excellent relations with our residents and diligently caring for your property, we avoid most potential problems. Residents are informed of their responsibilities regarding your property and their contracts. We will quickly and professionally settle any problems that may arise, with our clients’ interest in mind.
If there is a problem, whether it is collecting rents or settling resident disputes, we will handle the situation appropriately. We are knowledgeable in all applicable leasing laws and all the legal and contractual relationships involved in renting property. If necessary, we are prepared to make a court appearance. We utilize quality control procedures and proven business practices in the management of your home. In addition to the routine management of your home we are on call 24 hours a day 365 days a year.
Overview of Managing the Property
- Collect all Rents
- Late Notices
- Renovation Work
- Early Terminations
- Monthly Accounting
- 24-Hour Emergency Line
- Bounced Checks
- Routine Maintenance
- Unauthorized Pets
- All Charges Verified
- Regular Inspections
- Move-Out Inspections
- Evictions
- Neighbor Complaints
Management Fees and Other Charges
Property management is a very competitive business. Some property managers only offer a standard management service while others offer a range of services. There are different ways property managers can charge for services. It is important to ask what services are optional or available. Be sure to understand all possible charges other than a percentage of the rent.
Fees and charges should be addressed completely in the property management agreement. Examples of common charges for a standard management service are: flat percentage of rent or a percentage of rent plus fees for individual services. Example of possible other fees are placement fees for locating a resident and/or charges for advertising, referral fees, lease renewals, fee for closing an account, and miscellaneous administrative expenses.
Rate Schedule
Our fees are very competitive and are based on the services you request. Services are usually computed as a percentage of the rent, a flat fee, or a combination of both. The client controls the level and type of services. Services range from standard property management package or a combination of standard management and other services. We would be happy to meet with you and design a management package that fits your needs.
Quality Maintenance
Property managers supervise maintenance.
We employ only the most skilled and reliable maintenance personnel. Our field superintendent normally supervises necessary home maintenance. The actual maintenance expenses for the home are the responsibility of the homeowner. Every effort is made to control maintenance costs while maintaining the integrity and value of the property. Maintenance that is the resident’s responsibility or fault is billed to the resident. All maintenance personnel are properly licensed bonded and insured. Our staff oversees maintenance and contractors are not paid until all work is satisfactorily completed.
To control quality and to manage the high risk of litigation from a maintenance contractor or resident, we use our maintenance company for most routine and small maintenance needs. Our president is a licensed general contractor and our employees are experienced in the skills necessary for residential maintenance. We warranty the work performed on properties managed by us. To control costs, we guarantee that the maintenance expense charged by our maintenance team on our managed homes will never be higher than the cost for the same work by another reputable contractor. In most cases our maintenance team are able to do the work at a considerable savings. For work that is subcontracted out (e.g. painting, carpet installation, etc), RPM does not charge an extra fee for supervising these subcontractors. You are billed the actual cost to complete the work.
Monthly Financial Reporting
Property managers provide monthly statements for your rental income and expenses.
We can handle all your accounting and payment requirements. Rental income checks and property financial statements are processed by the end of the month. Proceeds are either mailed or directly deposited electronically each month after financials are sent to owners. A complete statement of your property account and an income statement are provided each month. Account history is stored for three years. We can quickly search your records on request. At the end of the year, we prepare a complete package for your tax preparer. Periodically, we send information on the status of your home and the real estate market.
Other Services
- Licensed & Insured
- In House Maintenance
- Property management Staff
- Other support staff
- Latest Technology
- Monthly Operating Statements
